S.804 - Social Security Solvency and Sustainability Act112th Congress (2011-2012)
|Sponsor:||Sen. Graham, Lindsey [R-SC] (Introduced 04/13/2011)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 04/13/2011 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
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Summary: S.804 — 112th Congress (2011-2012)All Information (Except Text)
Introduced in Senate (04/13/2011)
Social Security Solvency and Sustainability Act - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) to increase the normal retirement age by specified graduated stages to age 70.
Raises the early retirement age by specified graduated stages to 64 for an individual who attains age 62 after December 31, 2027.
Revises requirements for computation of the age increase factor.
Revises the formula for the maximum age for delayed retirement credit.
Prescribes a formula for progressive indexing of an individual's primary insurance amount.